Integrated Freight & Logistics
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CRGO vs FWRD
Revenue, margins, valuation, and 5-year total return — side by side.
Integrated Freight & Logistics
CRGO vs FWRD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Integrated Freight & Logistics | Integrated Freight & Logistics |
| Market Cap | $105M | $547M |
| Revenue (TTM) | $29M | $2.46B |
| Net Income (TTM) | $-18M | $-91M |
| Gross Margin | 66.8% | 23.1% |
| Operating Margin | -65.0% | 2.1% |
| Total Debt | $4M | $2.16B |
| Cash & Equiv. | $16M | $106M |
CRGO vs FWRD — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Nov 21 | May 26 | Return |
|---|---|---|---|
| Freightos Limited O… (CRGO) | 100 | 20.9 | -79.1% |
| Forward Air Corpora… (FWRD) | 100 | 17.5 | -82.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CRGO vs FWRD
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CRGO is the clearest fit if your priority is income & stability and growth exposure.
- beta 1.98
- Rev growth 23.9%, EPS growth 23.9%, 3Y rev CAGR 15.6%
- Lower volatility, beta 1.98, Low D/E 9.6%, current ratio 2.16x
FWRD carries the broadest edge in this set and is the clearest fit for long-term compounding.
- -47.3% 10Y total return vs CRGO's -79.0%
- -3.7% margin vs CRGO's -59.5%
- +0.6% vs CRGO's -2.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 23.9% revenue growth vs FWRD's 0.8% | |
| Quality / Margins | -3.7% margin vs CRGO's -59.5% | |
| Stability / Safety | Beta 1.98 vs FWRD's 2.28, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +0.6% vs CRGO's -2.4% | |
| Efficiency (ROA) | -3.3% ROA vs CRGO's -27.9%, ROIC 1.2% vs -37.5% |
CRGO vs FWRD — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
CRGO vs FWRD — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — CRGO and FWRD each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
FWRD is the larger business by revenue, generating $2.5B annually — 83.6x CRGO's $29M. FWRD is the more profitable business, keeping -3.7% of every revenue dollar as net income compared to CRGO's -59.5%. On growth, CRGO holds the edge at +12.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $29M | $2.5B |
| EBITDAEarnings before interest/tax | -$16M | $206M |
| Net IncomeAfter-tax profit | -$18M | -$91M |
| Free Cash FlowCash after capex | -$10M | $38M |
| Gross MarginGross profit ÷ Revenue | +66.8% | +23.1% |
| Operating MarginEBIT ÷ Revenue | -65.0% | +2.1% |
| Net MarginNet income ÷ Revenue | -59.5% | -3.7% |
| FCF MarginFCF ÷ Revenue | -32.4% | +1.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +12.4% | -5.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +63.1% | +35.1% |
Valuation Metrics
CRGO leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $105M | $547M |
| Enterprise ValueMkt cap + debt − cash | $93M | $2.6B |
| Trailing P/EPrice ÷ TTM EPS | -5.86x | -4.98x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 13.75x |
| Price / SalesMarket cap ÷ Revenue | 3.57x | 0.22x |
| Price / BookPrice ÷ Book value/share | 2.42x | 3.32x |
| Price / FCFMarket cap ÷ FCF | — | 35.82x |
Profitability & Efficiency
FWRD leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
CRGO delivers a -40.8% return on equity — every $100 of shareholder capital generates $-41 in annual profit, vs $-53 for FWRD. CRGO carries lower financial leverage with a 0.10x debt-to-equity ratio, signaling a more conservative balance sheet compared to FWRD's 13.36x. On the Piotroski fundamental quality scale (0–9), FWRD scores 5/9 vs CRGO's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -40.8% | -52.6% |
| ROA (TTM)Return on assets | -27.9% | -3.3% |
| ROICReturn on invested capital | -37.5% | +1.2% |
| ROCEReturn on capital employed | -37.4% | +1.5% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.10x | 13.36x |
| Net DebtTotal debt minus cash | -$12M | $2.1B |
| Cash & Equiv.Liquid assets | $16M | $106M |
| Total DebtShort + long-term debt | $4M | $2.2B |
| Interest CoverageEBIT ÷ Interest expense | -71.01x | 0.32x |
Total Returns (Dividends Reinvested)
CRGO leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CRGO five years ago would be worth $2,096 today (with dividends reinvested), compared to $1,978 for FWRD. Over the past 12 months, FWRD leads with a +0.6% total return vs CRGO's -2.4%. The 3-year compound annual growth rate (CAGR) favors CRGO at -3.8% vs FWRD's -42.8% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -8.1% | -31.0% |
| 1-Year ReturnPast 12 months | -2.4% | +0.6% |
| 3-Year ReturnCumulative with dividends | -10.9% | -81.3% |
| 5-Year ReturnCumulative with dividends | -79.0% | -80.2% |
| 10-Year ReturnCumulative with dividends | -79.0% | -47.3% |
| CAGR (3Y)Annualised 3-year return | -3.8% | -42.8% |
Risk & Volatility
Evenly matched — CRGO and FWRD each lead in 1 of 2 comparable metrics.
Risk & Volatility
CRGO is the less volatile stock with a 1.98 beta — it tends to amplify market swings less than FWRD's 2.28 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FWRD currently trades 53.4% from its 52-week high vs CRGO's 48.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.98x | 2.28x |
| 52-Week HighHighest price in past year | $4.24 | $32.47 |
| 52-Week LowLowest price in past year | $1.17 | $14.81 |
| % of 52W HighCurrent price vs 52-week peak | +48.3% | +53.4% |
| RSI (14)Momentum oscillator 0–100 | 56.3 | 42.4 |
| Avg Volume (50D)Average daily shares traded | 137K | 733K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates CRGO as "Buy" and FWRD as "Hold". Consensus price targets imply 113.5% upside for FWRD (target: $37) vs 46.3% for CRGO (target: $3).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $3.00 | $37.00 |
| # AnalystsCovering analysts | 3 | 21 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | 8 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.2% |
CRGO leads in 2 of 6 categories (Valuation Metrics, Total Returns). FWRD leads in 1 (Profitability & Efficiency). 2 tied.
CRGO vs FWRD: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is CRGO or FWRD a better buy right now?
For growth investors, Freightos Limited Ordinary shares (CRGO) is the stronger pick with 23.
9% revenue growth year-over-year, versus 0. 8% for Forward Air Corporation (FWRD). Analysts rate Freightos Limited Ordinary shares (CRGO) a "Buy" — based on 3 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — CRGO or FWRD?
Over the past 5 years, Freightos Limited Ordinary shares (CRGO) delivered a total return of -79.
0%, compared to -80. 2% for Forward Air Corporation (FWRD). Over 10 years, the gap is even starker: FWRD returned -47. 3% versus CRGO's -79. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — CRGO or FWRD?
By beta (market sensitivity over 5 years), Freightos Limited Ordinary shares (CRGO) is the lower-risk stock at 1.
98β versus Forward Air Corporation's 2. 28β — meaning FWRD is approximately 15% more volatile than CRGO relative to the S&P 500. On balance sheet safety, Freightos Limited Ordinary shares (CRGO) carries a lower debt/equity ratio of 10% versus 13% for Forward Air Corporation — giving it more financial flexibility in a downturn.
04Which is growing faster — CRGO or FWRD?
By revenue growth (latest reported year), Freightos Limited Ordinary shares (CRGO) is pulling ahead at 23.
9% versus 0. 8% for Forward Air Corporation (FWRD). On earnings-per-share growth, the picture is similar: Forward Air Corporation grew EPS 88. 3% year-over-year, compared to 23. 9% for Freightos Limited Ordinary shares. Over a 3-year CAGR, CRGO leads at 15. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — CRGO or FWRD?
Forward Air Corporation (FWRD) is the more profitable company, earning -4.
3% net margin versus -59. 5% for Freightos Limited Ordinary shares — meaning it keeps -4. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FWRD leads at 1. 5% versus -65. 0% for CRGO. At the gross margin level — before operating expenses — CRGO leads at 66. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — CRGO or FWRD?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is CRGO or FWRD better for a retirement portfolio?
For long-horizon retirement investors, Forward Air Corporation (FWRD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding.
Freightos Limited Ordinary shares (CRGO) carries a higher beta of 1. 98 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (FWRD: -47. 3%, CRGO: -79. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between CRGO and FWRD?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: CRGO is a small-cap high-growth stock; FWRD is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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